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Tech Talk for Tuesday October 20th 2015

 

Weekly ETF Column at GlobeInvestor

Authored by Don and Jon Vialoux. Headline reads, “The best way to cash in on the holiday season”. Following is a link:

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/the-best-way-to-cash-in-on-the-holiday-season/article26868193/

Editor’s Note: Technicals for XRT continue to improve. Yesterday, the stock moved above its 50 day moving average.

 

StockTwits Released Yesterday

Success of best 6 months for equity markets could be dependent upon trading activity over next 7 sessions. See the story at

http://www.equityclock.com/2015/10/16/stock-market-outlook-for-october-19-2015/

Technical action by S&P 500 stocks to 10:15: Quiet. Breakouts: $BMY, $EA. Breakdown: $KSU. Technology leads through EA.

Editor’s Note: After 10:15 AM EDT, technical action remained quiet: 3 S&P 500 stocks broke resistance and two stocks broke support (Martin Marietta and Urban Outfitters). The three stocks breaking resistance were Consumer Discretionary stocks: Harley Davidson, AutoNation and Expedia. ‘Tis the season for strength in the Consumer Discretionary sector on a real and relative basis.

 

Trader’s Corner

Daily Seasonal/Technical Equity Trends for October 19th 2015

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Commodities Trends for October 19th 2015

Green: Increase from previous day

Red: Decrease from previous day

Daily Seasonal/Technical Sector Trends for October 19th 2015

Green: Increase from previous day

Red: Decrease from previous day

Calculating Technical Scores

Technical scores are calculated as follows:

 

Intermediate Uptrend based on at least 20 trading days: Score 2

Higher highs and higher lows

Intermediate Neutral trend: Score 0

Not up or down

Intermediate Downtrend: Score -2

Lower highs and lower lows

 

Outperformance relative to the S&P 500 Index: Score: 2

Neutral Performance relative to the S&P 500 Index: 0

Underperformance relative to the S&P 500 Index: Score –2

 

Above 20 day moving average: Score 1

At 20 day moving average: Score: 0

Below 20 day moving average: –1

 

Up trending momentum indicators (Daily Stochastics, RSI and MACD): 1

Mixed momentum indicators: 0

Down trending momentum indicators: –1

 

Technical scores range from -6 to +6. Technical buy signals based on the above guidelines start when a security advances to at least 0.0, but preferably 2.0 or higher. Technical sell/short signals start when a security descends to 0, but preferably -2.0 or lower.

 

Long positions require maintaining a technical score of 0.0 or higher. Conversely, a short position requires maintaining a technical score of 0.0 or lower.

 

Special Free Services available through www.equityclock.com

Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. To login, simply go to http://www.equityclock.com/charts/

Following is an example:

Consumer Discretionary Sector Seasonal Chart


DISCRETIONARY Relative to the S&P 500

 

 

Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.